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i want to trade forex but i'm scared of losing my money, any advice?

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@benson_emlembe - 1 year ago - Risk Management

I am sure many beginner traders can relate, you so want to trade forex but at the same time you are scared of losing your hard earned money. How should such a fearful person go about trading forex?

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@liam_calgary - 1 year ago

Bro, even the best forex traders in the world lose an average of 6 out of every 10 trades. Forex trading success to me is 40% technique and 60% risk management.

Consider starting with eurusd pair trading on a micro account so that you lose from $0.01 on every pip movement. Such a loss should be bearable for you and if it is not, then maybe trading isnt for you.

Lots of forex brokers offer micro accounts and there is a thread that discusses that on this platform.

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@randolf_mercer - 1 year ago

Dont be afraid, the best loser wins ! How you handle losses will determine how successful you will become as a trader, you dont have to be a sore loser instead cut your losses early then learn from your mistakes. Theres no shame in losing.

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